DNO probing Jaguar

DNO targeting stratigraphic trap prospect in UK North Sea

Offshore staff

(UK) Norwegian independent DNO announces that drilling is under way on the Jaguar prospect in the UK Northern North Sea. Well 211/22b-5, drilled by the semisubmersibleBredford Dolphin, is targeting a stratigraphic trap, with potential reserves of 138 MM bbl. Planned total depth for the well is 4,000 m.

Jaguar lies north-east of the Cormorant North oil field, in license P1067. DNO is contributing 92.5% of the well costs, following a farm-in agreement with Elixir Petroleum.

1/26/06

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